U.S. benchmark crude-oil prices on Wednesday settled at their highest in almost two weeks, after the Energy Information Administration reported a 1.2 million-barrel weekly rise in U.S. crude inventories. That marked a 10th straight weekly rise, but the smallest weekly increase in five weeks Oil prices seesawed between losses and gains during the session. West Texas Intermediate crude for April delivery CLJ23, +0.76% settled at $77.69 a barrel on the New York Mercantile Exchange, up 64 cents, or 0.8%. Based on the front-month contract, that was the highest finish since Feb. 16, FactSet data show.
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